Watercolor s by caro signature to identify portrait of a gypsy woman

This watercolor on paper was made by s. De caro without certainty, the signature is difficult to identify. It probably represents a gypsy woman wearing a scarf. The frame is made of gilded wood. Everything is from the early twentieth century. The work is in a suitable state of conservation, we report freckles, slight friction, two small holes at the top and one on the right side, the bottom is to be replaced. For the state thank you to detail the photos. A4565. Feel free to zoom in. Photos are an integral part of the description. Size: Frame. Height: 26 cm. Thickness: 1.5 cm. Width: 21.5 cm. Watercolour. Height: 23 cm. Width: 18.3 cm.